Chart pattern/ MIDMICHIGANLooking at the chart from the 1st week of June to date, would that not look like an inverted head and shoulders pattern? Comments from anybody else?
https://www.chartpatterns.com/
From Tradertalk;
https://www.tradertalk.net/tutorial/h&s.html
"Similar volume characteristics accompany the inverse head and shoulders formation of bear market bottoms. Heavy volume on the development of the left shoulder and head, declining volume on development of the right shoulder with an increase of volume on the breakout above the neckline. When prices failed to reach the previous low, observant investors take up early accumulative positions, willingly buying from fleeing, uninformed, disillusioned holders".